NV lic S.0166977
Slowdown forcing Hong Kong developers to reduce prices or delay projects According to JLL’s latest Hong Kong Residential Market Monitor released this week, amongst Hong Kong projects completed in the first half of 2023, only 55% of units were sold as of the end of June 2023, lower than the average sell-through rate of 78%…
Based on ATTOM’s newly released third-quarter 2023 Vacant Property and Zombie Foreclosure Report, 1.3 million (1,277,612) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 79 homes, across the nation – the same as in the second quarter of this year. The report also reveals that 315,425 residential…
According to national data provider CoreLogic, the sizable U.S. home investor share of ownership seen over the past two years held steady going into the summer of 2023. In March 2023, investors accounted for 27% of all single-family home purchases; by June, that number was almost unchanged at 26%. Corelogic reports that 2021 saw a…
According to the Orlando Regional Realtor Association, overall residential sales fell 8.7% from June to July 2023. There were 2,852 sales in July, down from 3,124 sales in June. Sales in July 2023 were also 13.8% lower than July 2022, when there were 3,309 sales. ORRA also reports housing inventory for July was recorded at…
According to CBRE’s latest research, the U.S. multifamily market showed signs of stabilization in the second quarter of 2023 with a rebound in absorption and modest uptick in vacancy. The multifamily vacancy rate rose by 10 basis points (bps) quarter-over-quarter in Q2 2023 to 5.0%. This was a slower increase than the 30 bps rise…
With summer vacation season winding down in August, the national average for a gallon of gas awoke from a months-long slumber, surging 13 cents in the last week of July to $3.71, says AAA. The primary cause appears to be the oil price, which has marched nearly $4 higher in the past few days to…
There’s newfound excitement on the Caribbean island of Roatan. Among a highly curated selection of emerging businesses and upscale developments is Pristine Heights, a luxury condominium development representing an early opportunity to secure coveted residence in the exciting new city of St. John’s Bay. This high-end residential development, slated for completion in 2025, addresses a…
A recent report has found that investors are becoming increasingly concerned with the impact of the proposed changes to EPC ratings on homes. According to Rightmove, many property investors have turned their attention towards future-proofing their investments, with around 61% saying they would not even consider buying any property with an EPC rating lower than…
Based on new data by the Miami Association of Realtors, greater Miami total home sales decreased 18.2% year-over-year in June 2023, from a historic 2,891 transactions in June 2022 to 2,364 in June 2023, because of elevated mortgage rates and lack of supply in certain price points. Miami single-family home sales decreased 11.9% year-over-year, from…